Kare parker Sole Proprietorship is the simplest business
Kare parker
Sole Proprietorship is the simplest business because only one can operate the business. It is not a legal entity. It refers to a person that owns the business and is personally responsible for its debts.
Examples National: Ben and Jerry Local: Sub Way
Corporation is created under state law. Can also open a bank account, and purchase property. The most important features of corporation is that the owners are not Respond for the debts of the corporation.
Examples National: XBOX Local: Coca Cola
Limited Liability Company A Limited Liability Company is a private limited company. Combines that pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Examples National: Youtube Local: Twitter
Partnership someone being a partner or partners with someone, or association of two or more people as partners.
Examples National: Facebook Local: Comcast
Cooperative mutual assistance working together toward a common goal.
Examples National: Cooperative Home Care Associates Local: The Co-operative pharmacy
S Corporation a form of corporation that meets the IRS requirements to be taxed. That gives a corporation with 100 shareholders or less.
Examples National: Ebay Local: Pet smart
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